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EAPramod

XAU/USD POSSIBLE BREAKDOWN, ONLY PRICE ACTIONS

Emas Semerta / Dolar A.S. (OANDA:XAUUSD)  
EAPramod  
OANDA:XAUUSD   Emas Semerta / Dolar A.S.
Trend Analysis Chart Patterns Fundamental Analysis xauusdanalysis dxyindex Technical Analysis priceactionanalysis forexanalysis
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trendanalysis chartpattern fundamental xauusdanalysis dxyindex technicalanalysis priceactionanalysis forexanalysis
XAUUSD has bounced (+4.5%) from a strong support zone of 1676-1683 on 8th March, and currently XAUUSD is consolidating around the control price of 2053-1514 channel (Dotted lines)

There can be only two possibilities, the price might go UP or DOWN.
If the price breaks and retest the 1719-1724 area I’ll be looking for a short opportunity, targeted TP will be somewhere around 1700-1680. if the price breaks down and retests the support zone of the 1676-1683 area, I’m expecting a further drop of XAUUSD up to 1640.

If you study my chart you can identify many more possibilities, nothing is 100% accurate.

Don’t forget that DXY is on an Uptrend since 5th Jan 2021.

Please criticize and support my analysis with like and comment!!!!!!!

Idea Berkaitan

EAPramod
UPDATE - XAUUSD PRICE WENT IN FAVOUR OF OUR WEEKLY PREDICTION
Penafian

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